Politics · China · 3 hrs ago

China’s national water network may need over 6 trillion yuan in investment

China’s national water network may need over 6 trillion yuan in investment

China is speeding up construction of a national water network, a system designed to move and store water across regions.

The government estimates that building it during the 15th Five-Year Plan period will require more than 6 trillion yuan in investment.

In the first three quarters of this year, work was under way on 41,400 water projects, and 28 major projects began construction.

Projects include a reservoir in Fujian intended to reduce flood risks for more than 600,000 people, and flood-control work in the Taihu basin.

The network is meant to help address water shortages in areas where many cities, energy bases and major grain-producing regions are located.

China invested 795 billion yuan in water construction in the first three quarters and is working toward a 1 trillion yuan target for the full year.

Authorities are exploring water infrastructure investment trusts and other funding models to attract investment and support construction and operations.

Sources

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